The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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10 mins in....https://www.youtube.com/watch?v=5CZby_R1sEo
Well, they have stated that like for like performance for Q1 is ahead of prior year, so they will be looking for a beat, but have been cautious in their outlook which is fair enough. Most marketing companies are struggling at the moment so they are still doing very well. If they manage to meet y24 expectations - which are conservative imo - and have increased net cash to "in excess" of 9m as suggested, that will be a third of the market cap in cash. That makes the business very cheap and could lead to a series of acquisitions, dividend, or buy-backs to bolster SP. Plenty of upside here.
Misread on slater they're new
Offloading positoins, until Slater and Merchant f'eck uff this sp will drift between 2 and 3p
Not sure what happened to my second point below!.. gone AWOL.
Point I was making is that the reported market expectation for FY24, is not very stella. Slight increase in revenue, and lower Adj EBITDA than that achieved in FY '23. PIs are invested on the back of a growth story, and with a target of £4m of new business for this year, the market expectations need to be raised. We should be looking for 15% to 20% growth per annum, else the SP will hit the doldrums.
Very good presentation from the BB team this morning.
Two points I scribbled down; 1) other than £0.2m govt Covid loan, there is no debt. 2) aiming to double new business to £4m this year
*happy to be corrected if I misheard either of these points
Another good year of acquisition integration, New customer wins, whilst meeting expectations with financial results.
I am a supporter / believer, and have used the opportunity to add this morning.
Two points come to mind though;
1) The results are bang in line with the Trading update issued on Jan 22nd. Back in the day, when I lead a similar sized business, (not Public), I always strived to deliver results 3 - 5% better than my last update.... It kept my investor community positive. Doing exactly what they say they are going to do, is better than a "Miss", but it is always good to hold back a little upside. What happens between a Management Trading Update, and the Final results?... The Auditors come in. I hope that they haven't reversed an item, and as a consequence, taken a shine off what might have been a TU beating result. At this stage in the development of the business, the Management Team can not afford to deliver a Miss.
2) They are highlighting that FY24 results will be ahead of market expectations. But the numbers suggest that this is
A new note from Cavendish sees Brave Bison (LON:BBSN) valuation as "compelling" and notes the "high quality revenue" and 24% CAGR since 2021. (thanks to Mark Tughan commenting on Stockopedia for this)
Yes, you can never second guess how the market will perceive news and then act on it. Great set of results here, no unwanted surprises, and strong outlook. What motivates a trader to sell on that news is strange as they certainly lost money rather than selling last Friday when they would have to have been holding already. And, for long terms holders that have sold out, all I can assume it that they were hoping for even more and that the recent trading update had lowball figures which was optimistic. Suspect we will see a speedy recover here either today or if not over the next few weeks.
May even end the day blue
I wouldn't worry Phil - There will always be traders who sell on news- you are correct the interims read well - even if you look at 5 year progress - if you invested in the growth story , you will be fine, forget aim short term movements. The share price is 46% up in 6 months or 22% over 5 years. You will be rewarded just hold or buy on the dips
So.... great results... and the sp goes down???
Well done team BBSN
"Net cash of £6.8m, an increase of £2.5m from 30 June 2023 (H1 23: £4.3m) and an increase of £0.6m year-on-year (FY22: £6.2m), with one acquisition made in the period. Revolving credit facility of £3.0m remains undrawn, providing further liquidity if required."
"Market expectations for FY24 are to deliver net revenue of £21.0m and Adj. EBITDA of £4.2m. Net cash is expected to be in excess of £9m at year end."
Fantastic results - congratulations
I missed this from last week;
10/04/2024 "Seasalt appoints Brave Bison for paid social as part of UK clothing brand’s overseas expansion push"
Correction: bought 200k shares.
Been in for years now and love the steady and consistent growth of this company.. bought another 400k shares as I believe results will be good and more good things to come!
Full year FY23 results out Monday first thing.
Trading update issued in Mid January gives you an idea as to where the numbers are going to be.
Look at the equivalent releases for last year, and you will get a feel for the growth trajectory.
At c£35m market cap, it is still a SmallCap company, but it is growing, and in the right space in terms of tech advertising.
Based on fundamentals, SP should go north of 3p. Test will be to see if the IR team can widen the circle of interest, so that any gains are locked in.
Best of luck
A flurry of buys coming in .is there news coming in.
I've heard that this company is in many large orgs bidding for work, AI & Marketing is about to revolutionise how companies push content out to their visitors and Brave seem to be at the centre of it.
I'm in the industry and Brave are mixing with the big boys and if they can land some deals then this is going to move north nicely.
IMOO
This is a company going places, and at this price it is currently under-valued.
Last Trading Update at the end of January '24 sign-posted EBITDA for Financial year ending 31-12-23 as being £4.3m up 43% on the previous year (FY22), which was 70% up on FY21. These numbers should be confirmed in their results announcement due out end of next month.
They also had c £6.8m of net cash in the bank at the year end.
The business is a Centre of excellence for Digital Marketing.... Helping well known brands get the best return from their advertising spend on social media platforms. So pretty leading edge / contemporary activity. Arguably it is a "Tech" business, albeit asset lite, and focussed on acquiring and managing customers.
Management have plenty of skin in the game, owning c20% of the share equity between the Green Brothers and the Finance Director.
If it were put up for sale tomorrow, on a multiple of 10x EBITDA plus cash, the price tag would be £50m. The current growth trajectory only pushes this number north.
Current Market Cap is just shy of £30m. - so a 66% upside in a growing, profitable, cash generative company operating in the digital space.
That's why I topped up today!
Big afternoon buy again today at full ask
Hopefully IC article inspires a few more
Tide turning and about to break up?
60 mill trade?
Https://www.investorschronicle.co.uk/ideas/2024/02/12/brave-bison-s-rally-is-far-from-over/
GLA
Oh i was absolutely ignoring and have been slowly adding here, was just curious if any had any observations on other shares with that lot. Seems mental that people pay for it with what is demonstrably bad info.
Anyhow, great day again here again, onwards and upwards